Market competition in the North American bulb market has pressured Cree to restructure its LED business, said Roger Chu, Director, Research Division, LEDinside.

Restructures in the LED industry this year have shaken the market, whether it has been Philips decision to spin off its traditional lighting business, or the sudden bankruptcy of sapphire manufacturer GT Advanced Technology. But the worse is to come in 2015, when Chinese LED manufacturers technology matures, said a Nichia spokesperson.